CCB will offer the phase-12 QDII product “Profit from Exchange” which includes three categories from September 7 to 25 to meet the needs of both short-term and long and medium-term investors.

The first two categories are interest rate product and the investment currencies include US dollar and HK dollar. With an investment term of 9 months, they have a maximum expected annual return of 5.33% and 4.25% respectively. CCB will grant different levels of preferential prices to the investors according to their real subscription amount. From the investment start date, the bank is entitled to terminating the product at the end of the first half year while the investors do not have the right to early termination.

The third category has floating yield linked with the exchange rate and the investment currency is US dollars. Its investment term is 1 month and yield is benchmarked against the exchange rate of Euro to US dollar. Within the observation period, if the exchange rate of Euro to US dollar reaches or exceeds spot－0.032 and spot＋0.032, the expected annual return will be 3%. The product offers principal guarantee and a wide range of exchange rate of Euro to US dollar and hence has relatively low risks. It guarantees a return of 0.75% higher than the pre-tax interest income of savings deposit with the same term.

It is said that since the market widely expects an end to the interest hikes of the Federal Reserve it is the right time for investors holding foreign exchange to invest in the product.